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Suffice it to say, I don't feel convinced as you are that not artificially manipulating interest rates won't result in easy money at the start of a debt cycle and a depression at the end of one.
Maybe its just fractional reserve banking that needs eliminated to restrict debt enough to keep an economy from being overleveraged enough to create this cycle, and that could be a fun economic experiment (if fucking with entire populations is what you find fun in), but I tend to err on the side of caution on this topic for the time being in saying, just don't do debt at all.
convinced as you are that not artificially manipulating interest rates won't result in easy money at the start of a debt cycle and a depression at the end of one
I'm not sure why you attribute that to me.
Because you shared the article. Did you share the article because you disagreed with its message?
Its superficial either way. I'm not as convinced as the author is.
I shared it because I thought people here might find it interesting. I don't necessarily agree with every point made in everything I post.
I think he's trying to decompose the effects. "Easy money" is accomplished through artificially manipulating prices (specifically the price of borrowing). That is distortionary in ways that borrowing on the market isn't.